tomo logo

$2,795,000

Beds
3
Baths
3.0
sq ft
2,477

1 Armada St, Hilton Head Island, SC 29928

1 Armada St

Hilton Head Island, SC 29928

  • 63 days on market
    • Price drop $200,000↓
A 3RD ROW coastal retreat, just steps to the beach offers a lovingly cared for and totally updated sunlit beach home. With an open layout, stylish décor, and spacious living areas, this a 5 star vacation or home retreat. Beautifully remodeled kitchen with premium upgrades. Three elegantly designed bedrooms, each with an en-suite bath, offer comfort and privacy. Large backyard space features a large pool and spa. Fully furnished with strong short-term rentals in place. Located in the gated beachfront community of Palmetto Dune that has numerous amenities including 3 golf courses, tennis, pickleball, bike paths, and prime mid-island convenience

Details

Property type

Single Family Residence

Est. home value

$1,791,692

Lot size

Unknown

Price per sq ft

$1,129

Year built

1979

Price History

03/29/2025
HiltonHeadI

HiltonHeadI #450223

Price change
$2,795,000
-6.68%
02/28/2025
HiltonHeadI

HiltonHeadI #450223

Removed
$2,995,000
01/28/2025
HiltonHeadI

HiltonHeadI #450223

Listed
$2,995,000
+220.32%

Schools & Community

Neighborhood: 

Palmetto Dunes

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,939,527
Asking price
$2,795,000
Closing costs (~8% of asking)
-$223,600
Est. remaining loan balance
-$631,873
Cash to seller
$1,939,527

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Td Bank Na

Loan start date

September 2020

Original loan amount

$701,250

Est. remaining balance

$631,873

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Rick E Smith and Sheri L Smith

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 1:05 PM

Listing updated: 03/31/2025 at 3:20 PM

Listed by: The Beth Drake Team, Keller Williams Realty Phone #: (843) 682-8100

MLS: HiltonHeadI #450223

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